14734 224th StreetSpringfield GardensNY11413
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springfield Gardens at 14734 224th Street, Springfield Gardens, NY, 11413 offers a 6.19% rental yield on a $1,280,000 purchase with $6,600/mo rent. 73% in year one. Equity gained on principal adds $8,260/yr while 5% annual appreciation supports $353,640 over five years. Portfolio math shows five-year ROI at 75.66% and total cumulative return in cash at $313,764. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,600/mo property income against a $6,265/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2019
3,553 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11413, Springfield Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,696 (100%) |
| Owner Occupied HU | 8,693 (63.5%) |
| Renter Occupied HU | 4,343 (31.7%) |
| Vacant Housing Units | 660 ( 4.8%) |
| Median Home Value | $658,579 |
| Average Home Value | $700,669 |
Housing Distribution
Address Breakdown
Residential
10,635
Single Family
10,491
Multi-Family
144
Businesses
695
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Huanyan Li • Prospes Real Estate Corp
Mls Name: OneKey MLS
Mls ID: #952579